Pros & cons
Pros
- 30 points per $1 spent on purchases at Loblaws stores.
- Bonus points on fuel at Esso.
- No annual fee.
Cons
- High income requirements of $80,000 personal/$150,000 household
Your rewards
Getting your welcome bonus
Based on $2,000 in monthly spending, you can get up to 20,000 points which translates to an estimated $20.◊
For all welcome bonus details click here.
How you earn rewards
Each card earns rewards differently. Part of choosing your card is deciding what type of rewards you want to get. With PC World Elite Mastercard, here's how you earn rewards:
- 30 points per $1 spent at PC stores
- 10 points per $1 + 10 points per litre at Esso
- 10 points per $1 spent on all other purchases
For all reward details click here.
How much your rewards are worth
The dollar value of your rewards depends on the specific rewards program ‒ and what you choose to redeem your points for. For PC World Elite Mastercard in particular, if you spend $2,000 per month, here's our estimated annual rewards earned depending on which reward you choose:
| Car Washes | $554 | |
| Loblaws stores | $264 | |
| Fuel at Esso | $264 |
| Redemption Option | Point Value | Total Value |
|---|---|---|
| Car Washes | 0.21 cents | $2 |
| Loblaws stores | 0.1 cents | $1 |
| Fuel at Esso | 0.1 cents | $1 |
Calculating your annual rewards
$24,000 annual spending x 1.10% return on spending = $264 annual rewards
$264 annual rewards − $0.00 annual fee = $264 net annual rewards
Top related credit cards
Compare similar cards side-by-side.
Details and eligibility
- Estimated Credit Score
- 760 - 900
- Personal Income
- $80,000
- Household Income
- $150,000
- Annual Fee
- $0.00
- Extra Card Fee
- $0
- Card type
- Credit
- Purchase
- 21.99%
- Cash Advance Δ
- 22.97%
- Balance Transfer
- 22.97%
Insurance coverage
- Extended Warranty
- 1 year
- Purchase Protection
- 90 days
- Emergency Medical Term
- 10 days
- Emergency Medical Maximum Coverage
- $1,000,000
- Rental Car Theft & Damage
- Yes
Please review your insurance certificate for details, exclusions and limitations of your coverage, terms and conditions apply.
Learn more about the value of credit card insurance coverage.
Genius Rating
PC World Elite Mastercard's 3.3 Genius Rating is based on the weighted average of the following scores:
Methodology
All scores are produced by our math-based rating algorithm that takes into account over 126 credit card features.
Top cards from Mastercard
GC: $150
GC: $100
GC: $100
PC World Elite Mastercard review
The PC World Elite Mastercard offers the best of the best when it comes to PC Financial's no-fee Mastercards. You'll earn the most points at PC stores and get a little bit of travel insurance.
And of course, it's also a rare no-annual-fee World Elite. A big reminder – like other PC Mastercards, you only earn bonus rewards at partner stores.
Earning PC Optimum points
PC Optimum points are pretty easy to redeem. Go into any Loblaws store (including Shoppers Drug Mart) and at the register, use your PC points to help pay for your purchase. You can redeem 10,000 points for $10, and you have to redeem increments of 10,000 points.
You can also use your points in 2 other ways – at Esso stations and to pay your credit card balance.
At Esso stations, you have two ways to use points:
- Discount on fuel
- Free car washes
Car washes are actually the best way to use your PC points. 10,000 points will get you a free car wash of your choosing. Get a primo car wash, which can be upwards of $15, and you've boosted your savings by 50% over using your points in-store. With that said, there's a realistic limit as to how many car washes anyone needs.
As for fuel discounts, 4,000 points will save you 10 cents per litre, to a maximum of 40 litres – the same value as groceries.
Finally, you can turn them into a statement credit. 10,000 points will only pay $7 on your credit card statement. But you still have to make your minimum payment in cash – points won't cover it.
Here's a summary of what your PC points are worth for each option.
Pros to the PC World Elite Mastercard
There's plenty to love about the PC World Elite Mastercard.
1. No annual fee
It may be a World Elite Mastercard, but it still doesn't have an annual fee. It's a rare World Elite Mastercard without one.
2. World Elite Mastercard benefits
Even though it has no fee, it still has all the typical benefits you get from a World Elite Mastercard. From Priceless events to a Mastercard Travel Pass membership (no free passes), they're all here.
3. Includes some travel insurance
It won't compare to what a regular World Elite card would provide, but for a no-fee card, you'll get 4 types of insurance included.
Cons to the PC World Elite Mastercard
Here are a pair of things to keep in mind:
1. High income requirements
There are high income requirements of either $80,000 personal or $150,000 household to meet. It's typical of World Elite Mastercards, but it's a barrier to entry.
2. No special perks
Even though it's a World Elite Mastercard, there aren't any special perks to having it beyond extra rewards and World Elite Mastercard benefits.
Alternatives to the PC World Elite Mastercard
Want some alternatives to consider? Here are a few top Visa Infinite/World Elite Mastercards to consider. While they all have annual fees, they also earn more rewards on groceries, at any grocery store, not just Loblaws stores.
| PC World Elite Mastercard | MBNA Rewards World Elite Mastercard | Scotia Momentum Visa Infinite Card | Neo World Elite Mastercard | |
|---|---|---|---|---|
| Welcome Bonus | 20,000 bonus points (terms) |  $100 GeniusCash + 30,000 bonus points (terms) | $20 GeniusCash + 10% cash back for the first 3 months, first year free (terms) | None |
| Earn Rates | * 30 points per $1 spent at PC stores * 10 points per $1 + 10 points per litre at Esso * 10 points per $1 spent on all other purchases | * 5 points for every $1 spent on restaurants, groceries, and select recurring bills (up to $50,000 spent annually per category) * 1 point per $1 spent on all other purchases | * 4% cash back on groceries and recurring bill payments * 2% cash back on gas and transit * 1% cash back on all other purchases | * Average of 5% cash back at partner retailers * 5% cash back on groceries, up to $1,000 spent monthly * 4% cash back on recurring bills, up to $500 spent monthly * 3% cash back on gas and EV charging, up to $1,000 spent monthly * 1% cash back everywhere else |
| Average Rate Of Return | 1.1% | 2.86% | 2.08% | 2.55% |
| Insurance Included | 4 types | 12 types | 11 types | 12 types |
| Income Requirements | * $80,000 personal * $150,000 household | * $80,000 personal * $150,000 household | * $60,000 personal * $100,000 household | * $80,000 personal * $150,000 household |
| Learn More | Learn more | Learn more | Learn more |
Leave a review
These are our thoughts, but what about you?
For anyone who has this card (or had it in the past) leave a user review so others can see real-world experience with the card.
FAQ
What is the PC World Elite Mastercard?
The PC World Elite Mastercard is the high-end card of PC Financial's no-fee cards. These cards earn PC Optimum points on all purchases.
What rewards does the PC World Elite Mastercard offer?
The PC World Elite Mastercard earns members 30 points per $1 spent on purchases at Loblaws stores, 10 points per litre + 10 points per $1 spent at Esso and Mobil stations, along with 10 points per $1 spent everywhere else.
What is the annual fee and income requirements of the PC World Elite Mastercard?
The PC World Elite Mastercard has no annual fee and income requirements of either $80,000 personal or $150,000 household.
People also viewed
Key benefits
User review
Reviewed by 1 Canadian
Thank you for your review!
Hang tight while we verify and approve it.
If you want to see your review right away...
Create an account:
How does this get a 2.8 rating?
NO FEE
PC OPTIMUM POINTS (Redeemable at Shoppers, all Loblaws, No Frills, Independent and for statement credits)
POINTS on EVERYTHING.
